as you’ve shown proof that you were paying all necessary mortgage payments and trustee payments.

It’s a good idea not to confuse being on time with these financial obligations and being current. Many times in order for an account to be current you will have to be ahead of what you may have estimated as the payment schedule, so it’s a good idea to make sure you’re familiar with all the terms of your bankruptcy case.

Many people think that they have to wait for two years after filing Chapter 7 bankruptcy before they can refinance after bankruptcy. This misconception is due to confusion with Fannie Mae’s loan regulations.

You can refinance immediately after a Chapter 7 bankruptcy discharge. Also, a chapter 13 bankruptcy can be refinanced before discharge because there are repayment plans from the filing date that extends between three to five years.

So, the only true course to refinance after bankruptcy is to choose a good bankruptcy attorney. If you’d already filed chances are you’ve chosen an attorney that offers adequate help with rebuilding your financial life. If not, there’s no time like the present.

A qualified bankruptcy lawyer will be able to get you all the way through filing, repayment, discharge and offer the tools and information that you need to fully regain financial stability.


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